July 10, 2025 — U.S. President Donald Trump has sent a letter to Brazil President Luiz Inacio Lula da Silva that threatens the country with a 50 percent tariff as of 1 August over claims the country was treating former President Jair Bolsonaro unfairly.
The letter comes after Trump, in a 7 July post on his Truth Social social media site, claimed the trial of Jair Bolsonaro was a “witch hunt.”
May 12, 2025 — The U.S. and China released a joint statement on 12 May indicating the two countries would suspend most tariffs for 90 days and agree to continue discussions about their economic and trade relations.
In a joint statement, the U.S. agreed to modify its duties on China, effectively reducing tariffs on Chinese goods to 30 percent by 14 May. In return, China will also suspend its tariffs, reducing the tariff rate to 10 percent as of 14 May.